To some people, the passion we have against the Fed can seem almost cultlike. Not every problem is caused by the Fed. They claim. Now, the Fed causes a lot of problems — inflation, recessions, bank panics. But one of the biggest is the role it plays in financing new crises. In essence, the Fed plays venture capitalist to the crisis industrial complex. Financing each crisis in that vulnerable early stage when voters might not be up for paying $14 trillion to run around Afghanistan, or $7 trillion to pay people not to work, or the $50 to $90 trillion — not a joke — they want for a New Green Deal.
The Fed may be the implement used but the actual cause is more culturally and politically derived. End-stage democracy (Alexander Tytler), Marxist march through the institutions, post modern nihilism, identity politics, neocons, and leftist cultural vandalism all play a role. Sound money and laissez faire banking (and all other commerce) would be a solution but leviathan and its voting Eloi masquerading as sentient citizens will likely face something extreme to move beyond.
I call it jumping from one fake emergency to another. So much better than a real emergency because there’s no wrong move.
My parents are rolling in their grave to see the USA turning into a commie banana republic, something they fled for in the 80's risking their lives.